Castletroy Park deal not affected by liquidation

Alan Owens

Reporter:

Alan Owens

THE operating company set up by the Carlton Hotel Group to manage the Castletroy Park Hotel is set to be put into liquidation after a meeting of creditors was called.

THE operating company set up by the Carlton Hotel Group to manage the Castletroy Park Hotel is set to be put into liquidation after a meeting of creditors was called.

In a statement, Carlton confirmed that, as the sale of the four-star hotel was due to be completed in the “coming days” to Supermac’s boss Pat McDonagh for €3.5m, “Carlton Castletroy Park Hotel Limited has announced its intention to call a meeting of its creditors”.

“Business will continue as normal at the hotel and there will be no interruption to trade. The hotel will honour all customer bookings, deposits, memberships and vouchers,” said the statement.

“All of the hotel’s 107 management and staff will continue to be employed in the operation of the hotel to the same four-star standard.”

Speaking to the Limerick Leader, Mr McDonagh, who has agreed the purchase of the hotel, said he was “still waiting for the legals to go through fully and as soon as those are complied with - there are a few conditions to be complied with - then we are ready to close”.

The closing date is now thought to be November 7 - the same day the creditors’ meeting is due to be held at the West County Hotel in Dublin.

Asked if the move to place the operating company into liquidation would delay the sale, Mr McDonagh said: “I don’t think it will affect the deal, it may delay it a few days”.

“I can not comment on that (the liquidation) but we intend to close the sale as soon as we possibly can, given the circumstances”.

“I am optimistic certainly, there is no reason why it shouldn’t go ahead,” he added.